Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) Insider Sells 644 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) insider Robert P. Farrell sold 644 shares of TTM Technologies stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $23.24, for a total transaction of $14,966.56. Following the completion of the transaction, the insider now owns 22,018 shares of the company's stock, valued at $511,698.32. This represents a 2.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

TTM Technologies Price Performance

TTMI stock traded up $0.12 during midday trading on Tuesday, reaching $23.35. The company had a trading volume of 397,077 shares, compared to its average volume of 761,133. The firm has a 50-day moving average price of $20.19 and a 200-day moving average price of $19.53. The company has a market capitalization of $2.38 billion, a P/E ratio of 35.38 and a beta of 1.22. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $25.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UniSuper Management Pty Ltd purchased a new position in shares of TTM Technologies in the 1st quarter worth about $382,000. Dynamic Advisor Solutions LLC bought a new stake in TTM Technologies in the second quarter valued at approximately $602,000. First Eagle Investment Management LLC boosted its stake in shares of TTM Technologies by 14.6% during the second quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company's stock valued at $14,080,000 after purchasing an additional 92,300 shares during the period. Hood River Capital Management LLC bought a new stake in TTM Technologies during the 2nd quarter valued at $8,806,000. Finally, Natixis Advisors LLC purchased a new stake in shares of TTM Technologies during the second quarter worth about $676,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTMI has been the topic of several analyst reports. B. Riley upped their price target on TTM Technologies from $25.50 to $27.25 and gave the company a "buy" rating in a research report on Thursday, August 1st. Stifel Nicolaus increased their target price on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Needham & Company LLC boosted their price target on shares of TTM Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Truist Financial reaffirmed a "buy" rating and issued a $24.00 price target (up previously from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.